Moody National Bank Trust Division has raised its holdings in Iron Mountain Incorporated by 1.8% in the second quarter, according to a recent filing with the Securities and Exchange Commission. The institutional investor now owns 25,330 shares of Iron Mountain, worth $1,439,000. Other hedge funds have also made changes to their positions in the company, including Compass Wealth Management, Prostatis Group, BOKF NA, True Wealth Design, and Kalos Management. In total, hedge funds and other institutional investors now own 76.94% of the company’s stock.
In recent insider trading news, EVP Deborah Marson sold 2,381 shares of Iron Mountain stock, while CEO William L. Meaney sold 10,507 shares. The transactions were disclosed in filings with the SEC. In the last ninety days, insiders have sold a total of 37,395 shares of company stock.
Analysts have weighed in on Iron Mountain, with Barclays boosting their target price to $69.00 and giving the company an “overweight” rating. StockNews.com has given the stock a “hold” rating, while Royal Bank of Canada upgraded it to “outperform” with a price target of $68.00. The stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.75.
Iron Mountain’s stock is traded on the NYSE under the ticker symbol IRM. It has a market capitalization of $18.34 billion and a P/E ratio of 48.35. The company recently increased its quarterly dividend to $0.65, representing an annualized dividend of $2.60 and a yield of 4.14%.
Iron Mountain is a global leader in storage, data center infrastructure, asset lifecycle management, and information management services. Headquartered in the United States, the company has been in operation since 1951 and serves over 225,000 customers worldwide.
– Moody National Bank Trust Division
– Securities and Exchange Commission
– Royal Bank of Canada
– Iron Mountain